The Case Shiller Report that was released today got me to thinking. The report was ablaze with how the sky is falling and the major media, and myself, jumped right through the hoop.

It did get me to thinking. So I dug into the report and started looking at historical data. I wanted to see how affected markets were. Instead of looking a year out, I wanted to see when the markets were this low before.

Of the cities that I could find, Cleveland’s home prices dropped the most, hitting their February, 2002 levels. Seattle has lost the least with homebuyers in June of 2006 still being on the plus side.

Remember, these are the aggregate numbers, so personal experiences can be different.

City            March-08     Last Time This Low

Atlanta         124.61          March, 2005
Boston          158.54          August, 2004
Chicago         150.35          January, 2005
Cleveland       106.42          February, 2002
Denver          127.43          February, 2004
Las Vegas       169.31          April, 2004
Los Angeles     207.11          June, 2004
Miami           208.88          January, 2005
Minneapolis     142.24          June, 2003
New York        196.58          June, 2005
Phoenix         166.97          March, 2005
Portland        174.39          April, 2005
San Diego       185.44          December, 2003
San Francisco   168.38          May, 2004
Seattle         178.29          June, 2006
Tampa           182.26          February, 2005
Washington DC   202.34          October, 2004

Related posts:

1. Case Shiller June 2009 Report is Full of Good News!!!
2. Case Shiller Report For February 2009 Bleeds Red, Phoenix Down 50%
3. Case Shiller December 2008 Report Shows Consistent Declines
4. Case Shiller Down 18 Percent For October 2008
5. Case Shiller Report For May 2009 – Real Estate Looking Better